RCS - Sunrise Resources - Gold & Silver Projects

Sunrise ResourcesAnnouncement

09/04/2025 07:00

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RNS Number : 1955E  Sunrise Resources Plc  09 April 2025

  9 April 2025

 

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

 

Gold & Silver Projects

 

The Company would like to release the following statement to highlight its
portfolio of drill ready precious metal projects.

 

"We have recently seen the US dollar gold price breaking record levels and the
gold to silver price ratio climbing towards record highs. The latter is long
seen as an imbalance that may be a sign that the silver price is due a major
upward correction.

 

"The record-breaking gold price has been driven by economic uncertainties,
central bank buying, inflation concerns, and geopolitical tensions, including
conflicts in the Middle East, as well as U.S. trade policies.  There is also
a market move away from assets with counterparty risk to ownership of physical
assets. Most commentators expect the gold price to remain strong for some time
to come and the silver price to rise further.

 

"We hold our precious metal projects as available for sale or joint venture
whilst we focus on progressing our industrial minerals projects but I think it
is timely that the Company highlights to investors, shareholders and potential
partners the extent of our portfolio of precious metal projects as the value
inherent in these projects is often overlooked. All are drill ready and most
are owned 100% by the Company without underlying royalty or other interests."

 

Patrick Cheetham, Executive Chairman

 

Note: The following highlights are based entirely on previously announced
information.

 

PROJECT HIGHLIGHTS

 

Clayton Silver-Gold Project, Nevada (Status: Drill Ready, 100% owned)

 

·    Targeting Epithermal Ag-Au Replacement Deposit.

 

·    Significant silver intersections in historic and Company drilling
with a number of holes ending in mineralisation:

 

·    Most recent Company results:

 

Ø Drill core from a 7.92m mineralised interval graded 303 g/t (8.84
ounces/ton) silver and 0.2 g/t gold (from 82.30m down hole

 

Ø Includes 4.27m interval grading 408 g/t (11.89 ounces/ton) silver and 0.23
g/t gold from 83.82m depth.

 

Ø 84% higher silver grade in hole 20CLDD001 compared to twinned 1980s-hole
CL-15 which reported 7.62m grading 165 g/t silver (4.8 ounces/ton) and 0.4 g/t
gold.

.

Ø Mineralised interval contains sulphide bearing vein quartz and quartz
breccia over the down hole drilled interval of 7.92m from 82.3m depth (true
thickness - as yet unknown).

 

·    Historic grades were likely understated due to loss of fine
silver-bearing sulphide minerals during the RC drilling programme.

 

 

 

 

Newark Gold Project, Nevada (Status: Drill Ready, 100% owned)

 

·    Targeting Carlin-style gold mineralisation which includes some of the
largest gold deposits in the world, almost exclusively found in Nevada.

 

·    Favourably located at intersection of the Alligator Ridge and Battle
Mountain-Eureka gold trends.

 

·    Historic surface sampling returned anomalous gold with high values of
Carlin-style geochemical indicator elements arsenic, antimony, thallium and
barium.

 

·    A major silicified structure is associated with favourable
north-south striking anticline "trap".

 

·    Reconnaissance Hole NWK8 drilled in 1986 intersected 47m of
gold-anomalous jasperoid containing an average 0.14 ppm gold from 75m to the
end of hole at 122m.

 

·    Deeper drilling is required to test the favourable target horizons.

 

 

 

Reese Ridge Zn-Ag-Pb-Ga Project, Nevada (Status: Drill ready, 100% owned)

 

·      Located on south side of prospective Humboldt Structural Zone, at
north end of Shoshone Mountains, 52 miles south-southwest of Battle Mountain,
Nevada.

 

·      Drill ready ZTEM geophysical anomaly with overlying high grade
oxide/carbonate zinc mineralisation, a target of carbonate replacement style
mineralisation.

 

·      High grade zinc, lead and silver samples in outcrops over wide
area: e.g.

 

Ø 20.0% lead, 4.5% zinc, 383g/t silver

Ø 3.6% zinc, 12.8% lead, 146 ppm silver

Ø 29.6% zinc, 0.3% lead, 7 ppm silver

Ø 15.9% zinc, 0.5% lead, 17 ppm silver

 

·      Significant gallium contents up to 68ppm.  Gallium is a
strategic metal whose supply is monopolised by China.

 

 

Bay State Silver Project Nevada, (Status: Drill ready, Lease Option to
Purchase)

 

·    Historical silver production from 900m long Chihuahua Vein system.

 

·    High-grade silver mineralisation was encountered in three of five
drill holes completed by the Company:

 

Ø 1,460 g/t silver (42.6 oz/ton) over 0.2m from 164.13m in Hole 15SRDD002

Ø 566 g/t silver (16.5 oz/ton) over 0.5m from 70.71m in Hole 15SRDD001

Ø 503 g/t silver (14.7 oz/ton) over 1.4m from 185.32m in Hole 15SRDD003

 

·    The silver bearing vein zones are characterised by silicification,
sulphide mineralisation (galena and tetrahedrite) and staining with secondary
copper minerals.

 

·    A fourth hole has demonstrated continuity of the Chihuahua Vein
System at 300m below the surface but did not penetrate the vein sufficiently
well to obtain reliable grade information.

 

·    The results are considered to be highly encouraging and justify
further drilling.

 

 

Baker's Gold Project, Australia  (Status: Drill ready, 100% owned0

 

·    One drill traverse completed to test a gold-in soil anomaly on DLR4
Target.

 

·    Five holes drilled to depths of 100-200m for a total of 589m.

 

·    Hole 21SBRC002 intersected 2m grading 14.36 g/t gold from 64m
downhole.

 

·    Drill testing of the Dicky Lee pit encountered multiple narrow zones
of low-grade Au mineralisation - best intersection of 1m grading 2.2 g/t
gold.

 

·    Follow up drilling now required.

 

 

 

Further information:

 

 Sunrise Resources plc                  Tel: +44 (0)1625 838 884

 Patrick Cheetham, Executive Chairman
                                        Tel: +44 (0)207 628 3396

 Beaumont Cornish Limited

 Nominated Adviser

 James Biddle/Roland Cornish
                                        Tel: +44 (0)207 469 0930

 Peterhouse Capital Limited

 Broker

 Lucy Williams/Duncan Vasey

 

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Shares in the Company trade on AIM. EPIC: "SRES". Website:
www.sunriseresourcesplc.com

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